| Metric | Q3 2024 | Q2 2024 | Q3 2023 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $747M | $702M | $748M | 6.4% | -0.1% |
| Op. Income | $168M | $131M | $191M | 28.3% | -12.2% |
| Gross Margin | 35.5% | 32.9% | 38.7% | 2.6pp | -3.2pp |
| Net Margin | 18.2% | 15.9% | 21.6% | 2.4pp | -3.4pp |
| EPS (Diluted) | $1.85 | $1.51 | $2.14 | 22.5% | -13.6% |
| Free Cash Flow | $99M | $65M | $134M | 52.5% | -26.4% |
| Item | Amount |
|---|---|
| REVENUE | $747M |
| Cost of Revenue | $482M |
| GROSS PROFIT | $265M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $82M |
| Other Expenses | $0 |
| Operating Expenses | $97M |
| Cost & Expenses | $579M |
| OPERATING INCOME | $168M |
| Interest Income | $5M |
| Interest Expense | $700.0K |
| Other Income/Expenses | $600.0K |
| INCOME BEFORE TAX | $168M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $136M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $136M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $136M |
| D&A | $40M |
| EBIT | $165M |
| EBITDA | $205M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $747M |
| Cost of Revenue | $482M |
| GROSS PROFIT | $265M |
| R&D Expenses | $16M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $82M |
| Other Expenses | $0 |
| Operating Expenses | $97M |
| Cost & Expenses | $579M |
| OPERATING INCOME | $168M |
| Interest Income | $5M |
| Interest Expense | $700.0K |
| Other Income/Expenses | $600.0K |
| INCOME BEFORE TAX | $168M |
| Income Tax Expense | $32M |
| Net Income from Continuing Ops | $136M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $136M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $136M |
| D&A | $40M |
| EBIT | $165M |
| EBITDA | $205M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $136M |
| Depreciation & Amortization | $40M |
| Stock-Based Compensation | $5M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$1M |
| Change in Working Capital | -$100.0K |
| OPERATING CASH FLOW | $180M |
| Capital Expenditure | -$81M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | -$800.0K |
| NET CASH FROM INVESTING | -$82M |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | -$52M |
| Common Dividends Paid | -$15M |
| Other Financing Activities | $6M |
| NET CASH FROM FINANCING | -$64M |
| FREE CASH FLOW | $99M |
| Net Change in Cash | $45M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $491M |
| Short-Term Investments | $0 |
| Net Receivables | $524M |
| Inventory | $401M |
| Other Current Assets | $134M |
| TOTAL CURRENT ASSETS | $1.6B |
| PP&E (Net) | $1.7B |
| Goodwill | $109M |
| Intangible Assets | $12M |
| Long-Term Investments | $218M |
| Tax Assets | $38M |
| Other Non-Current Assets | $69M |
| TOTAL NON-CURRENT ASSETS | $2.1B |
| TOTAL ASSETS | $3.7B |
| Account Payables | $224M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $159M |
| TOTAL CURRENT LIABILITIES | $517M |
| Long-Term Debt | $203M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $9M |
| Other Non-Current Liabilities | $112M |
| TOTAL NON-CURRENT LIABILITIES | $407M |
| TOTAL LIABILITIES | $923M |
| Common Stock | $19M |
| Additional Paid-In Capital | $23M |
| Retained Earnings | $3.9B |
| Treasury Stock | -$1.0B |
| Accum. Other Comp. Income | -$136M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $3.7B |
| Total Debt | $305M |
| Net Debt | -$186M |
